When trying to boot from the liveCD (Ubuntu 11.10 i386 Desktop) After a long wait I get stopped at BusyBox.
Running exit from BusyBox exits, then errors, then reloads BusyBox.
This is the error:

Target filesystem doesn't have requested /sbin/init

Here is a long youtube video of my install in process.. the first two menus are taken over by glare but they are showing that I am using the default 'mode' and 'options' for the install.

I have run a memtest (one pass, took an hour) and it came back good. I have also done a md5 check on my disc image, which was also good. I have checked the disc from the boot menu and it came back good.

I can admit that my search on the supported hardware came back a bust but I also could not find a few things I knew were supported so i'm assuming my use of the tool was poor at best.
Upon a quick search of google I found that people did have luck getting ubuntu to load (albeit older versions) on this board. Can I get any suggestions on how I can overcome this problem? Should I try an older version? and if so is there really a point in going pre 10.04?